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10 Quetzales

Issuer Banco de Guatemala
Year 1992-1994
Type Standard circulation banknote
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Obverse description The right half of the note is dominated by an intaglio portrait of General Miguel García Granados, President of the Republic 1871–1873, set against a geometrically patterned guilloche background with pre-Columbian Mayan motifs rendered in the right margin. To the left, a multicolour vignette of the national bird, the Resplendent Quetzal, appears in flight above a central denomination numeral '10' framed by elaborate Mayan-style ornamentation, with two facsimile signatures below — those of the Gerente, the Presidente, and the Contralor General de Cuentas. The upper border carries the bank title 'BANCO DE GUATEMALA' and 'GUATEMALA, CENTRO AMERICA' in relief lettering within a red guilloche band, with the authorization date printed vertically along the right edge.
Obverse lettering BANCO DE GUATEMALA GUATEMALA, CENTRO AMERICA 10 DIEZ QUETZALES GENERAL MIGUEL GARCIA GRANADOS PRESIDENTE DE LA REPUBLICA 1871-1873 IMPULSO LA APROBACION DE LOS PRINCIPALES CODIGOS Y OTRAS LEYES EN VIGOR DURANTE CASI UN SIGLO AUTORIZACIÓN 16 JUNIO 1995
(Translation: BANK OF GUATEMALA GUATEMALA, CENTRAL AMERICA 10 TEN QUETZALES GENERAL MIGUEL GARCIA GRANADOS PRESIDENT OF THE REPUBLIC 1871-1873 IMPETUS FOR THE APPROVAL OF THE MAIN CODES AND OTHER LAWS IN FORCE FOR ALMOST A CENTURY AUTHORIZATION JUNE 16 1995)
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Comments

The Canadian Bank Note Company held the Guatemalan printing contract through much of the latter twentieth century, and this series reflects that long relationship — the intaglio work is characteristic of CBN's output from this period, technically consistent if not adventurous. Guatemala's quetzal had been pegged at 1:1 to the US dollar for decades before that arrangement finally collapsed in the late 1980s under fiscal pressure, and by the time this note entered circulation the exchange rate was floating for the first time in a generation.

P#82 was printed across a three-year window, meaning date variants exist and are worth distinguishing in any serious holding.

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